Leading correspondent investor closes second largest non-QM MBS transaction in company history.
Washington, D.C. – December 19, 2018 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM and investor lending solutions, has completed its seventh-rated RMBS (residential mortgage-backed securities) transaction for $442 million. The transaction is the second largest in VMC history, and its fourth securitization this year.
Rated by S&P Global Ratings and Morningstar, the transaction included 809 loans from 61 lenders. The transaction included owner-occupied non-QM loans as well as non-owner occupied loans.
“We continue to see great demand for non-QM and investor loans and expect that to continue in 2019,” said Dane Smith, President of VMC.
“We remain focused on the dynamic secondary market where we are engaged with quality partners,” Smith added. “Purchasing responsible non-QM and investor loans consistently and efficiently illustrates our commitment to this sector.”
About Verus Mortgage Capital
Founded in 2015, Verus Mortgage Capital (VMC) is a non-QM correspondent investor backed by Invictus Capital Partners, a leading investment firm. VMC purchases loans in all 50 states and the District of Columbia and focuses solely on the non-agency market. It offers correspondent lenders a wide range of home financing products for creditworthy borrowers.
The Washington, D.C.-based company, with operations located in Minneapolis, has purchased in excess of $3 billion in expanded, non-agency loans since its inception. In addition, through its affiliates, VMC has completed seven rated securitizations. Mortgage bankers can learn more about VMC’s investor products by visiting www.verusmc.com.
Seroka Public Relations